[三季报]招港B(201872):2023年第三季度报告(英文)
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时间:2023年10月26日 09:06:46 中财网 |
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原标题: 招港B:2023年第三季度报告(英文)
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. (hereinafter referred to as the “Company”) and all the
members of the Company’s Board of Directors hereby guarantee that the contents of this Report
are factual, accurate and complete and free of any misrepresentations, misleading statements or
material omissions.
Important Notes:
1. The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors, supervisors and
senior management of the Company hereby guarantee the factuality, accuracy and completeness of the contents of
this Report, and shall be jointly and severally liable for any misrepresentations, misleading statements or material
omissions therein.
2. Xu Song, the Company’s legal representative, Tu Xiaoping, the Company’s Chief Financial Officer, and Hu
Shaode, the person-in-charge of the accounting organ hereby guarantee that the financial statements carried in this
Report are factual, accurate and complete.
3. Indicate by tick mark whether the financial statements herein have been audited by an independent auditor.
□Yes √ No
4. Securities Times, China Securities Journal, Shanghai Securities News, Ta Kung Pao (HK) and www.cninfo.com.cn have been designated by the Company for information disclosure. And all information about
the Company shall be subject to what’s disclosed on the aforesaid media. This Report has been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese version shall prevail. I Key Financial Information
(I) Key Accounting Data and Financial Indicators
Indicate by tick mark whether there is any retrospectively restated datum in the table below. √ Yes ? No
Reason for retrospective restatements: Change to accounting policies The Ministry of Finance issued Interpretation No. 16 for the Accounting Standards for Business Enterprises (C.K.
[2022] No. 31) on 30 November 2022, which stipulates that the “accounting treatments for deferred income taxes
associated with assets and liabilities arising from a single transaction to which the initial recognition exemption
does not apply” shall take effect since 1 January 2023. In accordance with the aforesaid standard and regulations
of the Ministry of Finance, the Company has adopted Interpretation No. 16 for the Accounting Standards for
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
| Q3 2023 | Q3 2022 | | YoY
change
(%) | Q1-Q3 2023 | Q1-Q3 2022 | YoY
change
(%) | | | | Before Restated | Restated | | | | | | | | | | | | Before | Restated | Restated | Operating
revenue
(RMB) | 3,960,045,863.71 | 3,971,339,655.24 | 3,971,339,655.24 | -0.28% | 11,755,307,434.70 | 12,121,802,022.43 | 12,121,802,022.43 | -3.02% | Net profit
attributable
to the listed
company’s
shareholders
(RMB) | 1,246,983,201.06 | 771,042,670.19 | 765,278,732.39 | 62.94% | 3,149,317,960.49 | 2,752,903,994.81 | 2,753,839,690.22 | 14.36% | Net profit
attributable
to the listed
company’s
shareholders
before
exceptional
gains and
losses
(RMB) | 1,201,169,655.63 | 738,503,229.51 | 732,739,291.71 | 63.93% | 3,002,563,028.78 | 2,659,052,475.11 | 2,659,988,170.52 | 12.88% | Net cash
generated
from
operating
activities
(RMB) | — | — | — | — | 3,889,840,857.63 | 5,003,761,178.49 | 5,003,761,178.49 | -22.26% | Basic
earnings per
share
(RMB/share) | 0.50 | 0.31 | 0.31 | 61.29% | 1.26 | 1.10 | 1.10 | 14.55% | Diluted
earnings per
share
(RMB/share) | 0.50 | 0.31 | 0.31 | 61.29% | 1.26 | 1.10 | 1.10 | 14.55% | Weighted
average
return on
equity (%) | 2.18% | 1.85% | 1.84% | 0.34% | 5.64% | 6.72% | 6.71% | -1.07% | | 30 September 2023 | 31 December 2022 | | Change (%) | | | | | | | Before | Restated | Restated | | | | | Total assets
(RMB) | 199,187,448,792.81 | 197,525,530,887.76 | 197,587,102,447.31 | 0.81% | | | | | Equity
attributable
to the listed
company’s
shareholders | 58,182,989,856.74 | 54,267,143,304.02 | 54,291,425,886.65 | 7.17% | | | | |
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
The total share capital at the end of the last trading session before the disclosure of this Report:
Total share capital at the end of the last trading
session before the disclosure of this Report (share) | 2,499,074,661 |
Fully diluted earnings per share based on the latest total share capital above:
Dividend of preference shares paid | No preference shares | Fully diluted earnings per share based on the latest
total share capital above (RMB/share) | 1.2602 |
(II) Exceptional Gains and Losses
Unit: RMB
Item | Q3 2023 | Q1-Q3 2023 | Note | Gain or loss on disposal
of non-current assets
(inclusive of impairment
allowance write-offs) | 953,166.56 | -5,745,491.27 | - | Government subsidies
charged to current profit
or loss (exclusive of
government subsidies
continually given in the
Company’s ordinary
course of business at
fixed quotas or amounts
as per the government’s
policies and standards) | 127,549,332.32 | 174,188,829.81 | - | Capital occupation
charges on non-financial
enterprises that are
charged to current profit
or loss | 61,492,100.83 | 175,464,443.59 | - | Gain or loss on fair-value
changes in
held-for-trading financial
assets and liabilities &
income from disposal of
held-for-trading financial
assets and liabilities and
available-for-sale
financial assets (exclusive
of the effective portion of
hedges that arise in the
Company’s ordinary
course of business) | -76,285,744.46 | 66,751,559.22 | - | Reversed portions of
impairment allowances
for receivables which are
tested individually for | 650,755.83 | 3,022,646.38 | - |
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
impairment | | | | Non-operating income
and expense other than
the above | -13,668,762.93 | 19,835,260.65 | - | Less: Income tax effects | 15,449,184.55 | 80,525,241.38 | - | Non-controlling
interests effects (net of
tax) | 39,428,118.17 | 206,237,075.29 | - | Total | 45,813,545.43 | 146,754,931.71 | -- |
Other items that meet the definition of exceptional gain/loss: □ Applicable √ Not applicable
No such cases.
Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items:
□ Applicable √ Not applicable
No such cases.
(III) Changes in Key Financial Statement Line Items and Their Explanation Unit: RMB
Balance sheet items | 30 September 2023 | 1 January 2023 | Change
(%) | Explanation of changes | Held-for-trading financial
assets | 5,607,462,945.21 | 2,998,781,599.63 | 86.99% | Mainly due to increased
structured deposits | Notes receivable | 268,022,727.81 | 36,395,000.00 | 636.43% | Mainly due to increased bank
acceptance notes | Accounts receivable | 2,263,629,022.70 | 1,276,149,689.44 | 77.38% | Mainly due to impacts of the
payment collection periods | Receivables financing | - | 163,766,913.10 | -100.00% | Mainly due to impacts of
discounted bank acceptance
notes and payment collection
upon maturity | Non-current assets due
within one year | 14,145,401.03 | 902,225,293.93 | -98.43% | Mainly due to decreased
long-term receivables due
within one year | Long-term receivables | 3,795,517,028.21 | 5,661,327,499.07 | -32.96% | Mainly due to recovery of
shareholder loan from
associate | Other non-current financial
assets | 884,234,000.66 | 1,745,740,896.41 | -49.35% | Mainly due to impacts of the
shift of the interest in Antong |
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
| | | | Holdings to the equity method
for measurement | Short-term borrowings | 11,501,292,731.65 | 7,164,338,366.18 | 60.54% | Mainly due to increased
borrowings | Accounts payable | 511,030,253.93 | 811,149,397.66 | -37.00% | Mainly due to impacts of the
settlement of current payables | Non-current liabilities due
within one year | 7,628,993,359.98 | 11,641,223,688.95 | -34.47% | Mainly due to decreased
borrowings due within one
year | Long-term borrowings | 16,522,302,754.07 | 12,390,099,177.85 | 33.35% | Mainly due to increased
long-term borrowings | Income statement items | Q1-Q3 2023 | Q1-Q3 2022 | Change
(%) | Explanation of changes | Other income | 198,189,876.87 | 139,351,673.37 | 42.22% | Mainly due to receipt of
container throughput subsidy
by subsidiary | Gains from changes in fair
value | 66,751,559.22 | -57,567,049.93 | 215.95% | Mainly due to increased gains
from changes in the fair value
of held-for-trading financial
assets | Cash flow statement items | Q1-Q3 2023 | Q1-Q3 2022 | Change
(%) | Explanation of changes | Receipts of tax refunds | 53,168,698.78 | 237,739,341.38 | -77.64% | Mainly due to decreased
receipts of tax refunds | Cash receipts from
disposals and recovery of
investments | 19,747,976,106.55 | 33,052,462,359.27 | -40.25% | Mainly due to decreased
principals of structured
deposits that were received | Other cash receipts relating
to investing activities | 3,174,261,589.34 | 224,624,056.64 | 1313.14% | Mainly due to recovery of
shareholder loan | Cash payments to acquire
investments | 22,362,654,969.50 | 45,313,874,275.47 | -50.65% | Mainly due to decreased
principals of structured
deposits that were purchased | Other cash payments
relating to investing
activities | 8,285,621.75 | 974,451,295.13 | -99.15% | Tax was paid on land
preparation income in the
same period of last year, with
no such payment in the
current period | Cash receipts from
borrowings | 24,267,718,711.38 | 44,074,925,890.91 | -44.94% | Mainly due to decreased
super-short-term commercial
papers that were issued | Other cash payments
relating to financing | 951,492,124.48 | 694,660,848.06 | 36.97% | Payment was made for the
acquisition of minority |
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
activities | | | | interests in subsidiary in the
current period |
II Shareholder Information
(I) Numbers of Ordinary Shareholders and Preferred Shareholders with Resumed Voting Rights as well as Holdings of Top 10 Shareholders
Unit: share
Number of ordinary shareholders | 29,741 (18,667
A-shareholders, 11,074
B-shareholders) | Number of preferred
shareholders with resumed
voting rights (if any) | 0 | | | Top 10 shareholders | | | | | | Name of shareholder | Nature of
shareholder | Sharehold
ing
percentag
e | Total shares
held | Restricted
shares held | Shares in
pledge or
frozen | CHINA MERCHANTS PORT
INVESTMENT DEVELOPMENT
COMPANY LIMITED | Foreign legal
person | 45.96% | 1,148,648,648 | 0 | 0 | ZHEJIANG PROVINCIAL SEAPORT
INVESTMENT & OPERATION
GROUP CO., LTD. | State-owned
legal person | 23.08% | 576,709,537 | 576,709,537 | 0 | CHINA MERCHANTS GANGTONG
DEVELOPMENT (SHENZHEN) CO.,
LTD. | State-owned
legal person | 14.84% | 370,878,000 | 0 | 0 | SHENZHEN INFRASTRUCTURE
INVESTMENT FUND-SHENZHEN
INFRASTRUCTURE INVESTMENT
FUND PARTNERSHIP (LIMITED
PARTNERSHIP) | Funds, wealth
management
products, etc. | 2.59% | 64,850,182 | 0 | 0 | BROADFORD GLOBAL LIMITED | State-owned
legal person | 2.21% | 55,314,208 | 0 | 0 | CHINA-AFRICA DEVELOPMENT
FUND | State-owned
legal person | 1.69% | 42,190,151 | 0 | 0 | HONG KONG SECURITIES
CLEARING COMPANY LTD. | Foreign legal
person | 0.25% | 6,141,101 | 0 | Unknown | CHINA LIFE INSURANCE
COMPANY LIMITED-TRADITION-
GENERAL INSURANCE
PRODUCTS-005L- CT001 HU | Funds, wealth
management
products, etc. | 0.20% | 5,034,022 | 0 | Unknown |
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
BASIC ENDOWMENT INSURANCE
FUND 1006 PORTFOLIO | Funds, wealth
management
products, etc. | 0.12% | 3,095,800 | 0 | Unknown | CHINA MERCHANTS SECURITIES
(HK) CO., LTD. | Foreign legal
person | 0.11% | 2,669,975 | 0 | Unknown | Top 10 unrestricted shareholders | | | | | | Name of shareholder | Unrestricted ordinary shares held | Shares by type | | | | | | Type | Shares | | | CHINA MERCHANTS PORT
INVESTMENT DEVELOPMENT
COMPANY LIMITED | 1,148,648,648 | RMB ordinary
share | 1,148,648,648 | | | CHINA MERCHANTS GANGTONG
DEVELOPMENT (SHENZHEN) CO.,
LTD. | 370,878,000 | RMB ordinary
share | 370,878,000 | | | SHENZHEN INFRASTRUCTURE
INVESTMENT FUND-SHENZHEN
INFRASTRUCTURE INVESTMENT
FUND PARTNERSHIP (LIMITED
PARTNERSHIP) | 64,850,182 | RMB ordinary
share | 64,850,182 | | | BROADFORD GLOBAL LIMITED | 55,314,208 | Domestically
listed foreign
share | 55,314,208 | | | CHINA-AFRICA DEVELOPMENT
FUND | 42,190,151 | RMB ordinary
share | 42,190,151 | | | HONG KONG SECURITIES
CLEARING COMPANY LTD. | 6,141,101 | RMB ordinary
share | 6,141,101 | | | CHINA LIFE INSURANCE
COMPANY LIMITED-TRADITION-
GENERAL INSURANCE
PRODUCTS-005L- CT001 HU | 5,034,022 | RMB ordinary
share | 5,034,022 | | | BASIC ENDOWMENT INSURANCE
FUND 1006 PORTFOLIO | 3,095,800 | RMB ordinary
share | 3,095,800 | | | CHINA MERCHANTS SECURITIES
(HK) CO., LTD. | 2,669,975 | Domestically
listed foreign
share | 2,669,975 | | | MAI SHUQING | 2,119,047 | RMB ordinary
share | 2,119,047 | | | Related or acting-in-concert parties
among the shareholders above | Broadford Global Limited is the controlling shareholder of China
Merchants Port Investment Development Company Limited and China
Merchants Gangtong Development (Shenzhen) Co., Ltd. The Company | | | | |
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
| does not know whether the other unrestricted shareholders are related
parties or not. | Top 10 shareholders engaged in
securities margin trading (if any) | At the end of the Reporting Period, the shareholder of the Company,
Mai Shuqing held 2,119,047 shares through the customer credit
transaction secured securities account in China Merchants Securities
Co., Ltd. |
Indicate by tick mark whether any of the top 10 ordinary shareholders or the top 10 unrestricted ordinary
shareholders of the Company conducted any promissory repo during the Reporting Period. □ Yes √ No
No such cases in the Reporting Period.
(II) Number of Preferred Shareholders and Shareholdings of Top 10 of Them □ Applicable √ Not applicable
III Other Significant Events
□ Applicable √ Not applicable
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
Item | 30 September 2023 | 1 January 2023 | Current assets: | | | Cash and bank balances | 14,421,004,936.77 | 13,615,928,739.40 | Settlement reserve | | | Interbank loans granted | | | Held-for-trading financial assets | 5,607,462,945.21 | 2,998,781,599.63 | Derivative financial assets | | | Notes receivable | 268,022,727.81 | 36,395,000.00 | Accounts receivable | 2,263,629,022.70 | 1,276,149,689.44 | Receivables financing | | 163,766,913.10 | Prepayments | 68,184,872.66 | 63,627,425.42 | Premiums receivable | | | Reinsurance receivables | | | Receivable reinsurance contract
reserve | | | Other receivables | 1,069,054,613.42 | 948,842,094.30 | Including: Interest receivable | | | Dividend receivable | 397,545,783.05 | 416,040,485.62 | Financial assets purchased under
resale agreements | | | Inventories | 221,293,573.08 | 225,122,821.48 | Contract assets | | | Assets held for sale | 225,218,577.31 | | Non-current assets due within one year | 14,145,401.03 | 902,225,293.93 | Other current assets | 148,105,914.11 | 185,903,140.53 | Total current assets | 24,306,122,584.10 | 20,416,742,717.23 | Non-current assets: | | | Loans and advances to customers | | |
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
Investments in debt obligations | | | Investments in other debt obligations | | | Long-term receivables | 3,795,517,028.21 | 5,661,327,499.07 | Long-term equity investments | 96,401,622,855.28 | 92,364,293,919.05 | Investments in other equity
instruments | 154,256,180.28 | 171,945,275.02 | Other non-current financial assets | 884,234,000.66 | 1,745,740,896.41 | Investment properties | 5,003,467,169.30 | 5,123,690,119.56 | Fixed assets | 29,016,986,190.94 | 32,033,326,083.50 | Construction in progress | 2,554,235,735.06 | 2,413,844,407.64 | Productive living assets | | | Oil and gas assets | | | Right-of-use assets | 9,679,420,976.99 | 9,342,642,222.33 | Intangible assets | 18,224,912,796.87 | 19,277,065,115.61 | Development expenditure | 42,696,979.13 | 17,412,196.16 | Goodwill | 6,492,536,457.53 | 6,411,426,891.09 | Long-term prepaid expenses | 986,783,450.71 | 986,356,904.90 | Deferred tax assets | 431,044,017.37 | 434,498,820.95 | Other non-current assets | 1,213,612,370.38 | 1,186,789,378.79 | Total non-current assets | 174,881,326,208.71 | 177,170,359,730.08 | Total assets | 199,187,448,792.81 | 197,587,102,447.31 | Current liabilities: | | | Short-term borrowings | 11,501,292,731.65 | 7,164,338,366.18 | Borrowings from the central bank | | | Interbank loans obtained | | | Held-for-trading financial liabilities | | | Derivative financial liabilities | | | Notes payable | 65,626,934.99 | | Accounts payable | 511,030,253.93 | 811,149,397.66 | Receipts in advance | 41,515,676.47 | 9,886,531.59 | Contract liabilities | 157,513,879.74 | 141,899,551.03 | Financial assets sold under repurchase
agreements | | | Customer deposits and interbank
deposits | | |
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
Payables for acting trading of
securities | | | Payables for underwriting of securities | | | Employee benefits payable | 814,586,955.69 | 936,834,718.13 | Taxes payable | 1,038,337,112.17 | 917,933,169.09 | Other payables | 2,078,957,201.71 | 1,755,885,258.26 | Including: Interest payable | | | Dividends payable | 527,975,180.07 | 92,374,921.29 | Handling charges and commissions
payable | | | Reinsurance payables | | | Liabilities directly associated with
assets held for sale | 87,061,233.59 | | Non-current liabilities due within one
year | 7,628,993,359.98 | 11,641,223,688.95 | Other current liabilities | 2,413,410,616.82 | 3,161,147,525.96 | Total current liabilities | 26,338,325,956.74 | 26,540,298,206.85 | Non-current liabilities: | | | Insurance contract reserve | | | Long-term borrowings | 16,522,302,754.07 | 12,390,099,177.85 | Bonds payable | 14,428,631,877.09 | 19,088,293,099.02 | Including: Preferred shares | | | Perpetual bonds | | | Lease liabilities | 1,128,191,211.64 | 948,350,914.04 | Long-term payables | 3,832,887,208.34 | 3,551,315,590.31 | Long-term employee benefits payable | 613,635,105.00 | 639,095,931.43 | Provisions | 48,292,293.16 | 35,365,156.43 | Deferred income | 1,025,541,910.14 | 1,031,273,189.74 | Deferred tax liabilities | 4,585,085,276.20 | 4,855,019,835.33 | Other non-current liabilities | 158,828,076.59 | 186,383,117.00 | Total non-current liabilities | 42,343,395,712.23 | 42,725,196,011.15 | Total liabilities | 68,681,721,668.97 | 69,265,494,218.00 | Shareholders' equity: | | | Share capital | 2,499,074,661.00 | 2,499,074,661.00 | Other equity instruments | | | Including: Preferred shares | | |
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
Perpetual bonds | | | Capital reserve | 36,384,013,255.83 | 34,751,640,835.25 | Less: Treasury stock | | | Other comprehensive income | -476,340,456.18 | -689,553,619.86 | Special reserve | 47,602,282.76 | 26,358,259.97 | Surplus reserves | 1,001,917,449.15 | 1,001,917,449.15 | General reserve | | | Unappropriated profit | 18,726,722,664.18 | 16,701,988,301.14 | Total shareholders' equity attributable to
shareholders of the parent | 58,182,989,856.74 | 54,291,425,886.65 | Minority interests | 72,322,737,267.10 | 74,030,182,342.66 | Total shareholders' equity | 130,505,727,123.84 | 128,321,608,229.31 | Total liabilities and shareholders' equity | 199,187,448,792.81 | 197,587,102,447.31 |
Legal Representative: Xu Song
Chief Financial Officer: Tu Xiaoping
Head of Accounting Department: Hu Shaode
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
Item | Q1~Q3 2023 | Q1~Q3 2022 | 1. Operating income | 11,755,307,434.70 | 12,121,802,022.43 | Including: Operating income | 11,755,307,434.70 | 12,121,802,022.43 | Interest income | | | Premium income | | | Handling charge and
commission income | | | 2. Costs and expenses | 9,779,572,277.81 | 10,501,686,642.56 | Including: Operating costs | 6,791,358,487.08 | 6,972,365,667.76 | Interest expense | | | Handling charge and
commission expense | | | Surrenders | | | Net claims paid | | | Net amount provided as
policy reserve | | | Expenditure on policy
dividends | | | Reinsurance premium
expense | | | Taxes and surcharges | 220,492,182.67 | 215,022,537.23 | Selling expense | | | Administrative expenses | 1,216,242,310.86 | 1,224,631,704.76 | Research and
development expenses | 159,294,326.98 | 177,094,589.39 | Finance expenses | 1,392,184,970.22 | 1,912,572,143.42 | Including: Interest
expense | 1,656,923,837.50 | 1,677,735,954.67 | Interest
income | 395,605,388.12 | 375,671,992.19 | Add: Other income | 198,189,876.87 | 139,351,673.37 | Investment income (Loss is
marked with "-") | 5,271,674,585.50 | 6,075,167,195.89 | Including: Income from
investments in associates and joint
ventures | 4,954,944,249.39 | 5,900,543,166.75 | Income from
the derecognition of financial assets at
amortized cost (Loss is marked with "-") | | | Foreign exchange gain (Loss is
marked with "-") | | | Net gain on exposure hedges
(Loss is marked with "-") | | | Gains from changes in fair value | 66,751,559.22 | -57,567,049.93 |
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023 (未完)
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